dondrysdale78 dondrysdale78
  • 15-08-2017
  • Mathematics
contestada

Use the present value formula to determine the amount to be invested​ now, or the present value needed.

The desired accumulated amount is ​$130,000 after 7 years invested in an account with 3​%interest compounded quarterly.

Respuesta :

emilypaoolaou2vy6 emilypaoolaou2vy6
  • 23-08-2017
N=3

because there are two negatives the problem cancels out to n+17=20

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